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CNN CNN Tonight July 7, 2024

the news continues, cnn with jake tapper starts now. >> welcome to cnn tonight -- im jake tapper. tonight the economic alarms are blurring, and i dont mean one of those vaguely known but soft alarms on your smartphone. [noise] no, i mean one of those really have noxious alarms that you might hear if you are hes back on the -- turn that off. but you cannot turn this alarm off. and as much as you want to wish it away, it is clear that with less than three weeks after the midterm election...
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CNN CNN Tonight June 4, 2024 05:06:00

Gerald ford, tried to come up with a slogan, with wig inflation now, in part of the wind campaign, these shiny red buttons. inspire americans to spend less, conserve energy, a spoiler alert? it did not work. the campaign was marked as one of the biggest government public relations wonders ever. so forward, loss and economic hard times continued, and three short years president jimmy carter called for some american sacrifice to combat a natural gas shortage, all wall dressed like mr. rogers. >> a...
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CNN CNN Tonight June 4, 2024 05:16:00

Through the recession. yes, the recession is real. we havent even begun to find feel the beginning of it. i can explain if you really want to. 23, 24, 25, that is when things are going to get really tight. were still gonna have high wages, still gonna have high energy costs, fuel costs, gas costs. this is also going to be elevated under this democrat it administration. theres a tough storm to be weathered here, for sure. >> what do you mean? what do you think is going to happen, and why? >> ever...
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CNN CNN Tonight June 4, 2024 05:18:00

Its about the cost of living, fuel, putting food on the table. those things are very well real. -- you have to go forward with -- buying back those assets, pull money out of the economy. its the only way to get inflation under control. unfortunately these rates are going to have to stay high for a decent amount of time, which is why i get upset with secretary yellen. she knew what she was doing. she knew that at the end of the day the roosters, the chickens had to come home to roost, so to say, ...
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CNN CNN Tonight June 4, 2024 05:03:00

Heres jamie diamond, ceo of jpmorgan chase. >> europe is already in recession. theyre likely to put the u.s. in some conversation six or nine months from now. >> heres david salman, the ceo of goldman sachs. >> with a chance we could have a recession. i think you have to expect that theres more volatility on the horizon. >> to which one of the wealthiest man in the world, amazon founder jeff bezos responded it is time to batten down the hutches. actors. even more important than the recession fea...
U S Here S David Salman Jamie Diamond Jpmorgan Chase Goldman Sachs Jeff Bezos

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CNN CNN Tonight June 4, 2024 05:05:00

Think that we are about to lose control of inflation. >> but treasury secretary janet yellen was the one who was wrong. how do i know she was wrong? she said so to wolf blitzer. >> was it a mistake, madam secretary, to downplay this inflation risk? did that contribute to the problems we are all seeing right now? >> well, look. i think that i was wrong then about the path that inflation would take. >> the basic idea of people were being given money but there was not enough goods for various reaso...
Wig Inflation Janet Yellen Madam Secretary Wolf Blitzer Inflation Risk Back To The Future

CNN CNN Tonight June 4, 2024 05:17:00

Few years, and the recession is going to be very real. never in american history, in world history, do you get inflation like this not followed by a severe recession. thats why youre going to need republicans fiscal hawks, folks that are managers, willing to make tough decisions, to make sure it is not government comes first, it individuals, and that kind of opportunity at a community level. >> so senate republican leader mitch mcconnell generally speaking doesnt believe in introducing agendas f...
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CNN CNN Tonight June 4, 2024 05:14:00

A reason new york times poll cnn poll found that 44% of voters had economy and inflation are the most important issues facing the country. the next top ranking issues abortion, crime, guns, are all at 5% or less. so what made that mean for candidates across the country? well, republicans are seeing a boost in polls in wisconsin, pennsylvania, even new york, as americans continue to struggle with rising prices. when i talk to senator bernie sanders last week, as i mentioned, dont assume that repu...
Wig Inflation New York Times U S Senator Bernie Sanders New York People Don T

CNN CNN Tonight June 4, 2024 05:04:00

One that republicans 0. 2 dates back to 2021 where president biden signed a bill to spend another nearly two trillion dollars, trillion, to continue to ease the pain of the pandemic. that legislation included hundreds of billions in direct checks to americans. at the time, it was not just republicans, it was also former clinton treasury secretary, larry summers, warning biden this might be too much spending. it could lead to the inflation that we are seeing now. >> i think policy is rather overd...
Wig Inflation U S Treasury Secretary Larry Summers Inflation Side Inflation Warnings

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